October jobs report: 204k jobs added, 7.3 percent unemployment rate

posted at 9:21 am on November 8, 2013 by Erika Johnsen

The big questions ahead of today’s release of the October jobs report were all about the government shutdown: How it affected markets, how markets affected hiring, and how much Obama administration officials can manage to blame any and all negative economic news on those effects alone for months to come.

Economists were expecting some 128,000 jobs added, but the BLS‘s topline numbers are coming in a bit “better than expected”:

Total nonfarm payroll employment rose by 204,000 in October, and the unemployment rate was little changed at 7.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in leisure and hospitality, retail trade, professional and technical services, manufacturing, and health care. …

Both the number of unemployed persons, at 11.3 million, and the unemployment rate, at 7.3 percent, changed little in October. Among the unemployed, however, the number who reported being on temporary layoff increased by 448,000. This figure includes furloughed federal employees who were classified as unemployed on temporary layoff under the definitions used in the household survey.

Because furloughed government workers count as “unemployed” if they were away from work the entire week that included October 12th (the week or payroll period of the month on which jobs numbers are based), that partially accounts for the uptick in the unemployment rate. The labor force participation rate, however, once again worsened past its standing 35-year low:

The civilian labor force was down by 720,000 in October. The labor force participation rate fell by 0.4 percentage point to 62.8 percent over the month. Total employment as measured by the household survey fell by 735,000 over the month and the employment-population ratio declined by 0.3 percentage point to 58.3 percent. This employment
decline partly reflected a decline in federal government employment.

Partly. This time last year, the labor force participation rate was 63.8 percent.

The report also includes some upward revisions in the past two months’ employment gains, with a total of 60,000 more jobs added than previously thought:

The change in total nonfarm payroll employment for August was revised from +193,000 to +238,000, and the change for September was revised from +148,000 to +163,000. With these revisions, employment gains in August and September combined were 60,000 higher than previously reported.

Update: James Pethokoukis at AEI hits the nail on the head:

So for this monthly only, Republicans will look to the bright side of the monthly jobs numbers — “See, the government shutdown was a non-event” — the Democrats the opposite. Of course the counterfactual here, one Democrats will try and sell, is that even more jobs would have been created without the government shutdown. Indeed, the Obama White House seems to like counterfactuals. Recall the “jobs created or saved” metric to judge the stimulus.


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I look forward to Obama being unemployed.

albill on November 8, 2013 at 9:28 AM

The media is so upset they couldn’t report bad numbers and blame it on the TEA Party Government shutdown.

Wigglesworth on November 8, 2013 at 9:30 AM

See, wingnuts, ObamaCare is creating jobs!!!11!!

changer1701 on November 8, 2013 at 9:32 AM

+1 wigglesworth

cmsinaz on November 8, 2013 at 9:33 AM

The media is so upset they couldn’t report bad numbers and blame it on the TEA Party Government shutdown.

Wigglesworth on November 8, 2013 at 9:30 AM

Not trolling, but libs could say the same thing about the tax increases that were passed…

Donald Draper on November 8, 2013 at 9:33 AM

Are you daft Wigglesworth, the numbers would have been much better if the shutdown had not occurred. did you not read Ed’s post?

libfreeordie on November 8, 2013 at 9:34 AM

The media is so upset they couldn’t report bad numbers and blame it on the TEA Party Government shutdown.

Wigglesworth on November 8, 2013 at 9:30 AM

I think the Republicans are more upset. They spent a week whining about how they and their moneyed interests were shocked and dismayed and shocked that the full faith and credit of the blah, blah, blah

magicbeans on November 8, 2013 at 9:35 AM

Ed’s post?

libfreeordie on November 8, 2013 at 9:34 AM

Did you?

Bmore on November 8, 2013 at 9:36 AM

Look at who they aren’t counting.

Amazing how things can “improve” when you simply dismiss entire swaths of people from the statistical figuring.

Bishop on November 8, 2013 at 9:39 AM

did you not read Ed’s post?

libfreeordie on November 8, 2013 at 9:34 AM

Ed changed his name to Erika?

Man, you beclown yourself every single time you show up.

Bishop on November 8, 2013 at 9:40 AM

Are you daft Wigglesworth, the numbers would have been much better if the shutdown had not occurred. did you not read Ed’s post?

libfreeordie on November 8, 2013 at 9:34 AM

200,000 federal employees not working is like 200,000 federal employees going to work. What’s the difference?

Only people harmed were WWII vets and people who were booted out of national parks.

fogw on November 8, 2013 at 9:40 AM

libfreeordie on November 8, 2013 at 9:34 AM

Did you?

Bmore on November 8, 2013 at 9:36 AM

I would have liked to.

That goes to show just how stupid, and lying, libfree is.

cozmo on November 8, 2013 at 9:42 AM

Look at who they aren’t counting.

Amazing how things can “improve” when you simply dismiss entire swaths of people from the statistical figuring.

Bishop on November 8, 2013 at 9:39 AM

Good news! Those people are only temporarily dismissed. Once there is a Republican in office they will magically be looking for work again.

Ditkaca on November 8, 2013 at 9:43 AM

the employment-population ratio declined by 0.3 percentage point to 58.3 percent

The worst it’s been in over two years (since August 2011), and only 0.1 point above Obama’s low of 58.2%.

We’ve gone 4 years and 2 months below 59%.

That hasn’t happened since the mid 70′s… more than a generation ago, and when less women were in the workforce.

Things are worse now than they were under Carter. Much worse.

ITguy on November 8, 2013 at 9:47 AM

Great. Now we just need about 82 more months of these numbers to get back to where we were in 2008 and account for population growth.

Johnnyreb on November 8, 2013 at 9:50 AM

Both the number of unemployed persons, at 11.3 million,

Can we just get rid of this JackAzz? Please? He’s unfit for office and he’s killing the middle class.

Key West Reader on November 8, 2013 at 9:50 AM

Amazing how things can “improve” when you simply dismiss entire swaths of people from the statistical figuring.

Bishop on November 8, 2013 at 9:39 AM

Yeah, just like there are no homeless during Democrat administrations and “poof” they suddenly show up when a Republican is in charge.

Happy Nomad on November 8, 2013 at 9:51 AM

7.3? Id love to see how they cooked that up.

Murphy9 on November 8, 2013 at 9:52 AM

7.3 unemployment rate

All I had to see was this. A few more months of this and we will have full employment. How silly can they get.

CW20 on November 8, 2013 at 9:55 AM

statistical noise.

MTF on November 8, 2013 at 9:55 AM

7.3? Id love to see how they cooked that up.

Murphy9 on November 8, 2013 at 9:52 AM

It isn’t the 5% he promised but he’s doing the best he can with the horrible economy he inherited

Ditkaca on November 8, 2013 at 9:57 AM

7.3? Id love to see how they cooked that up.

Murphy9 on November 8, 2013 at 9:52 AM

After staying at 7.2% since May despite month after month of numbers that not even a rabid troll could defend, why only a tenth of a percent increase? And why no discussion of the U6 rate which is nearly 14%.

Happy Nomad on November 8, 2013 at 9:58 AM

Yeah, just like there are no homeless during Democrat administrations and “poof” they suddenly show up when a Republican is in charge.

Happy Nomad on November 8, 2013 at 9:51 AM

Same goes for our troops killed in combat.

Remember Stephanopolous over at ABC reporting each and every body count on a daily basis when Bush was president? Oddly enough, more troops have been killed in Afghanistan on Obama’s watch then while Bush was president, yet not a peep out of Snuffy.

The left is a collection of hypocrite scumbags.

fogw on November 8, 2013 at 9:58 AM

Zero Hedge is reporting that todays news reveals that 930,000 dropped out of the labor force in October resulting in the lowest participation rate since 1978. The third highest monthly drop out in history. With regard to employment news in the age of Obamaspeak, the labor participation rate is the key number not the unemployment rate.

tommyboy on November 8, 2013 at 10:00 AM

And why no discussion of the U6 rate which is nearly 14%.

Happy Nomad on November 8, 2013 at 9:58 AM

Hard to jam the Amnesty turd sandwich down our throats if people are discussing 14% or better unemployment

Ditkaca on November 8, 2013 at 10:00 AM

It isn’t the 5% he promised but he’s doing the best he can with the horrible economy he inherited

Ditkaca on November 8, 2013 at 9:57 AM

Yeah it is only a matter of time before he starts complaining that he was burned by the economy.

Happy Nomad on November 8, 2013 at 10:00 AM

Remember Stephanopolous over at ABC reporting each and every body count on a daily basis when Bush was president? Oddly enough, more troops have been killed in Afghanistan on Obama’s watch then while Bush was president, yet not a peep out of Snuffy.

The left is a collection of hypocrite scumbags.

fogw on November 8, 2013 at 9:58 AM

Yeah, Dems did a happy dance on the floor of the Congress everytime a “milestone” number of deaths was reached during the Bush administration. 73% of all casualties in Afghanistan occurred since the lazy stupid coward took office and the MSM doesn’t even care.

Happy Nomad on November 8, 2013 at 10:03 AM

fogw on November 8, 2013 at 9:58 AM

Remember the regular name-reading of the soldiers killed in combat, can’t do that anymore now that Dog Eater has overseen more troop deaths in Afghanistan than Dubya did.

Standing on corpses was so much more fun for lefties when it was a GOP preznit.

Bishop on November 8, 2013 at 10:04 AM

Hard to jam the Amnesty turd sandwich down our throats if people are discussing 14% or better unemployment

Ditkaca on November 8, 2013 at 10:00 AM

Be that as it may be. The fact of the matter is that the U6 is really a more accurate sense of where we are when it comes to unemployment and underemployment.

Happy Nomad on November 8, 2013 at 10:05 AM

the Obama White House seems to like counterfactuals

If “counterfactuals” means bull***t, then I agree, they’re into that big.

forest on November 8, 2013 at 10:05 AM

The media is so upset they couldn’t report bad numbers and blame it on the TEA Party Government shutdown.

Wigglesworth on November 8, 2013 at 9:30 AM

As are Mitch McConnell and the GOPe, I’m sure.

Midas on November 8, 2013 at 10:06 AM

Yeah, Dems did a happy dance on the floor of the Congress everytime a “milestone” number of deaths was reached during the Bush administration.

Happy Nomad on November 8, 2013 at 10:03 AM

It was the 1,000th dead soldier celebration they had which cemented my hatred for lefties, that herd of preening scum standing around in their candlelight vigil wearing huge grins and mugging for the cameras. Ghouls.

Bishop on November 8, 2013 at 10:06 AM

Are you daft Wigglesworth, the numbers would have been much better if the shutdown had not occurred. did you not read Ed’s post?

libfreeordie on November 8, 2013 at 9:34 AM

I was going to kid and blame the shutdown… but right on schedule, Goebbel’s handled it for me.

Hey, pal, remember the $782,000,000,000 we borrowed against the future that was supposed to have us below 5% by now? Wanna blame that failure on a two-week meaningless shutdown in 2013?

Stooge.

mankai on November 8, 2013 at 10:07 AM

Well for sure a leader like Obama would not get this information in lie form also, I mean he only lies about health care, Mexican kids getting shot with his guns, Ambasadors getting killed cause he has to take a nap, Brian Terry had it comming after all in his mind.
So sure the numbers are real.

Possible also.

Real part time jobs for Christmas now because the retailers need som sale so they do Christmas hireing early.

In spite of the EPA , the oil and gas industry is drilling and pipelineing.

Has not one thing to do with Obama’s commie way.

APACHEWHOKNOWS on November 8, 2013 at 10:07 AM

Libfree took off like a scalded dog, then again his comment about reading the article was priceless.

Libfree, I know you’re reading this, you feel pretty stupid right about now, don’t you?

Bishop on November 8, 2013 at 10:09 AM

Bishop on November 8, 2013 at 10:09 AM

Lolz!

Bmore on November 8, 2013 at 10:11 AM

It was the 1,000th dead soldier celebration they had which cemented my hatred for lefties, that herd of preening scum standing around in their candlelight vigil wearing huge grins and mugging for the cameras. Ghouls.

Bishop on November 8, 2013 at 10:06 AM

I remember that. They all were talking in serious tones but they all had smiles on their faces as if they had just won the lottery or something.

Where I finally had enough was when, after dithering about a strategy for months, the lazy stupid coward made that photo-op trip to Dover as casualties arrived from Afghanistan. He did it on the eve of his West Point speech announcing a surge. It was supposed to show how agonizing it was to make the decision to send more troops in harms way. But, for me, there was something more than disrespectful about the whole sham where he shows up at Dover with the press in tow- just to be seen among flag-draped caskets.
And, of course it was only the one time.

Happy Nomad on November 8, 2013 at 10:12 AM

It isn’t the 5% he promised but he’s doing the best he can with the horrible economy he inherited

Ditkaca on November 8, 2013 at 9:57 AM

They had super majorities for two years, borrow trillions, and promised us 5% by now. That number was provided for us by his “experts”.

Only those ignorant of the laws of economics believed him.

Trillions of dollars in debt later, and they stil dare blame Bush?

btw – the housing crises was predicted by Bush and the Republicans in 2004-05. Elizabeth Dole offered bill to remedy it. The House held hearings which basically went like this:

REP: According to records, Fannie Mae and Freddie Mac are in a dangerous position.

DEM: All is well! Racists!

REP: Look at the numbers. This thing is going to crash.

DEM: RACISTS! Fannie and Freddie are stronger than ever!

You think I kid? Look it up.

mankai on November 8, 2013 at 10:14 AM

The unemployment rate is always skewed since this administration does not include the number of people who either gave up looking for work or don’t want a job in the first place. That’s a hell of a lot of people that aren’t counted.

HotAirian on November 8, 2013 at 10:14 AM

Bishop on November 8, 2013 at 10:09 AM

As opposed to the rest of the time?

The only time libfree doesn’t feel stupid is when he surrounds himself with other liberals.

cozmo on November 8, 2013 at 10:14 AM

Quick point of order as I’m at a conference on school choice – because of the unique nature of the zhutdown, the federal furloughs did not impact the establizhment survey.

Steve Eggleston on November 8, 2013 at 10:16 AM

Libfree, I know you’re reading this, you feel pretty stupid right about now, don’t you?

Bishop on November 8, 2013 at 10:09 AM

I would bet having a pillow tantrum and his partners asking why he is so upset.

“Oh that Bishop on Hot Air is just infuriating!”

“Well Sweetie, write something witty back and put that breeder in his place.”

“… I CAN’T!!!”

smoothsailing on November 8, 2013 at 10:18 AM

Happy Nomad on November 8, 2013 at 10:12 AM

The photo op with perfectly arranged lighting to make Dog Eater seem heroic yet sad, his coached and perfect salute, his expertly applied cosmetics, the herd of preselected reporters in their assigned positions so as to capture Bark on his good side? That Dover debacle?

Dubya just went out there to pay his respects without making a scene and we didn’t even know about it until weeks later, Dog Eater had to make it a prime-time event with himself as the focus, the shiite.

Bishop on November 8, 2013 at 10:22 AM

Libfree, I know you’re reading this, you feel pretty stupid right about now, don’t you?

Bishop on November 8, 2013 at 10:09 AM

I would bet having a pillow tantrum and his partners asking why he is so upset.

“Oh that Bishop on Hot Air is just infuriating!”

“Well Sweetie, write something witty back and put that breeder in his place.”

“… I CAN’T!!!”

smoothsailing on November 8, 2013 at 10:18 AM

The low-information perfesser is on his way to vacation in New Mexico, hoping to partay!… Man Claims He Was Anally Probed 8 Times Following Traffic Stop For Drugs

slickwillie2001 on November 8, 2013 at 10:27 AM

As I’ve always said…if you like your job, you can keep your job. Oh, wait…never mind.

Wyznowski on November 8, 2013 at 10:56 AM

So, the conclusion is that the Govt Slowdown was good for job creation (expected 128k, actual 204k).

We could do this every month.

socalcon on November 8, 2013 at 10:58 AM

Remember Stephanopolous over at ABC reporting each and every body count on a daily basis when Bush was president? Oddly enough, more troops have been killed in Afghanistan on Obama’s watch then while Bush was president, yet not a peep out of Snuffy.

The left is a collection of hypocrite scumbags.

fogw on November 8, 2013 at 9:58 AM

The US lost #1,000 in Afghanistan in May 2010. It was barely acknowledged.

The US lost #2,000 in Afghanistan in October of 2012. It was even less acknowledged, because there was an election to win.

USA Today claimed at the time:

U.S. military deaths in the Afghan war have reached 2,000, a cold reminder of the human cost of an 11-year-old conflict that now garners little public interest at home as the United States prepares to withdraw most of its combat forces by the end of 2014.

Dr. Goebbels would approve of the messaging.

Del Dolemonte on November 8, 2013 at 10:58 AM

did you not read Ed’s post?

libfreeordie on November 8, 2013 at 9:34 AM

Ed hasn’t posted here at Hot Gas since he left for vacation on Tuesday November 5th. Do try to pay attention.

F+

Del Dolemonte on November 8, 2013 at 11:00 AM

The worst it’s been in over two years (since August 2011), and only 0.1 point above Obama’s low of 58.2%.

We’ve gone 4 years and 2 months below 59%.

That hasn’t happened since the mid 70′s… more than a generation ago, and when less women were in the workforce.

Things are worse now than they were under Carter. Much worse.

ITguy on November 8, 2013 at 9:47 AM

A Carter-like 2013-2016 is looking like a ‘best-case scenario’ as opposed to a worst-case scenario.

Despite the porkulus, despite the massive spending increase that is now the ‘new normal’, this remains a very stagnant economy. And the only real ‘fundamental change’ we are seeing is the former standard full-time 40 hour week being changed to the new standard of a part-time 29 hour week.

Athos on November 8, 2013 at 11:07 AM

Much like the spiraling debt, deficit, families in poverty and unemployment (Bush vs Obama), the deaths in Afghanistan have grown from an average of 131 a year during Bush’s 8 years to 470 a year under Obama’s nearly 5 years.

Code Pink? {crickets}

socalcon on November 8, 2013 at 11:12 AM

7.3 percent unemployment rate

Anything above 5.4% is a sign of a weak economy where the rich keep getting richer and the poor keep getting poorer, and the middle class is struggling just to get by.

Wait, the president is a Democrat?

Never mind, then!!

There Goes the Neighborhood on November 8, 2013 at 12:06 PM

My son has TWO jobs, although they are both part time jobs with no medical benefits. I wonder why that is? And how many of these jobs that are being counted are part time? Far more than a year ago, I would wager. Thank you, Obama, you lying marxist. Thank you, Democrats, you lying liberals. And “f” you very much you low-info and slave-mentality voters. I hope you all rot.

HiJack on November 8, 2013 at 12:20 PM

I thought we were done with the halo photos!

freedomfirst on November 8, 2013 at 12:26 PM

It isn’t the 5% he promised but he’s doing the best he can with the horrible economy he inherited

Ditkaca on November 8, 2013 at 9:57 AM

..I am certainly hoping there’s a missing sarc tag there, old son.

The War Planner on November 8, 2013 at 1:57 PM

Greece and Spain should hire these guys to do their stats.

NoPain on November 8, 2013 at 3:42 PM

did you not read Ed’s post?

libfreeordie on November 8, 2013 at 9:34 AM

Ed changed his name to Erika?

Man, you beclown yourself every single time you show up.

Bishop on November 8, 2013 at 9:40 A

Ahahahaha. I wonder how libfreak rates against the intelligence of one nonpartisan.

CWchangedhisNicagain on November 8, 2013 at 5:43 PM

did you not read Ed’s post?

libfreeordie on November 8, 2013 at 9:34 AM

Ed changed his name to Erika?

Man, you beclown yourself every single time you show up.

Bishop on November 8, 2013 at 9:40 A

Ahahahaha. I wonder how libfreak rates against the intelligence of one nonpartisan.

CWchangedhisNicagain on November 8, 2013 at 5:43 PM

The fruits of Affirmative Action.

slickwillie2001 on November 8, 2013 at 6:42 PM